J & J Snack Foods Corp. $JJSF Stock Holdings Increased by Headlands Technologies LLC

Headlands Technologies LLC raised its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 221.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,795 shares of the company’s stock after buying an additional 8,810 shares during the quarter. Headlands Technologies LLC owned about 0.07% of J & J Snack Foods worth $940,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of J & J Snack Foods in the 2nd quarter valued at approximately $175,914,000. Royce & Associates LP bought a new position in J & J Snack Foods during the fourth quarter worth $29,596,000. Bank of America Corp DE acquired a new position in J & J Snack Foods in the second quarter worth $16,080,000. Bank of New York Mellon Corp acquired a new position in J & J Snack Foods in the second quarter worth $13,115,000. Finally, Goldman Sachs Group Inc. increased its stake in J & J Snack Foods by 295.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 171,718 shares of the company’s stock valued at $15,518,000 after purchasing an additional 128,301 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Zacks Research cut shares of J & J Snack Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Benchmark decreased their price target on shares of J & J Snack Foods from $130.00 to $120.00 and set a “buy” rating for the company in a report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group upgraded shares of J & J Snack Foods from a “hold” rating to a “buy” rating and increased their price objective for the stock from $81.00 to $101.00 in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $110.50.

J & J Snack Foods Trading Down 1.3%

NASDAQ:JJSF opened at $87.01 on Wednesday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 33.47 and a beta of 0.40. The business has a 50 day simple moving average of $81.52 and a 200 day simple moving average of $80.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.34 and a quick ratio of 1.47. J & J Snack Foods Corp. has a 12-month low of $68.87 and a 12-month high of $111.43.

J & J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Wednesday, August 5th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.26. The firm had revenue of $425.96 million for the quarter, compared to analyst estimates of $427.65 million. J & J Snack Foods had a return on equity of 8.93% and a net margin of 3.23%.The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the company earned $2.00 earnings per share. Equities research analysts predict that J & J Snack Foods Corp. will post 3.98 EPS for the current year.

J & J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.80 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.20 annualized dividend and a dividend yield of 3.7%. J & J Snack Foods’s dividend payout ratio is currently 123.08%.

J & J Snack Foods Profile

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.